GOLD COAST PERMANENT - LARGE NOP $487,000

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Description

An outstanding opportunity to purchase a permanent Management Rights business in the hottest Gold Coast suburb of Varsity Lakes. This business is a large scale with substantial salary and easily managed by a husband and wife team with no set office hours. Primarily investor product and a robust letting pool, it maintains strong returns for the owners and the operator. An additional feature is the managers unit which is a top floor high ceiling 3 bed, 2 bath, 3 carpark unit with substantial storage, which also has flexibility to live off site should this be desired.
Key Highlights:
– A Grade Gold Coast central location
– New modern building with good amenities
– Substantial Salary of $168,000
– Large profit of $487,863 (Suitable to run as a partnership if desired)
– 25 year agreements with 21 years to run
– Solid letting pool
– Manageable for husband and wife team
– No set office hours
– Tower style complex with minimal grounds
– Substantial storage
– Large top floor 3bed, 2 bath, 3 carpark managers unit
– Flexibility to live off site if desired

For Sale $ 3,990,000

  • Listing Ref: STC-01801
  • Property Type: Management Rights
  • Property Category: Permanent
  • Suburb: VARSITY LAKES
  • Net Profit: $487,863 (Actual)
Charles Nurse
Director
0477 826 666
1800 111 622

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